U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is under heightened scrutiny from the House Committee on Oversight and Accountability concerning the SEC’s interactions with European Union (EU) bodies on legislative matters. The tension primarily revolves around information sharing and the perception of the SEC acting beyond its mandate, potentially bypassing Congress to further an agenda that could adversely impact American taxpayers.
Congressional Oversight
In a letter dated October 12, 2023, Committee Chair James Comer highlighted the ongoing oversight activities aimed at examining the SEC’s actions, especially those seen as attempts to circumvent Congress. The letter conveys a strong sense of dissatisfaction with Gensler’s lack of cooperation and obstruction of the oversight process. It underscores the Committee’s intention to resort to compulsory process should cooperation remain elusive.
The scrutiny is not…
